Losses That a Corporation Suffers from Dealing in Its Own

question 146

Multiple Choice

Losses that a corporation suffers from dealing in its own stock may:

• A) Be recorded as a long-term loss.
• B) Be recorded in the retained earnings account.
• C) Be recorded as a loss from peripheral or incidental transactions (i.e., not from continuing operations).
• D) Never be recorded in the retained earnings account.

---

Definitions:

Cognitive Psychology

A branch of psychology focused on studying mental processes such as perception, memory, thought, and problem-solving.

Social Psychology

The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Personality Psychology

A branch of psychology focused on studying patterns of thoughts, feelings, and behaviors that make a person unique.

Learning

In behaviorism, a change in behavior as a result of experience.